Patient

It Pays to Be a Patient Shopper for Energy Assets, Say Private Equity Funds

The collapse of the merchant energy sector isn’t over and numerous assets will continue to be put up for sale. The question for a private equity fund entering this energy smorgasbord is whether to dine first on the meat-and-potatoes regulated operations or to go straight for the attractive but far more risky unregulated merchant power dessert.

September 22, 2003

It Pays to Be a Patient Shopper for Energy Assets, Say Private Equity Funds

The collapse of the merchant energy sector isn’t over and numerous assets will continue to be put up for sale. The question for a private equity fund entering this energy smorgasbord is whether to dine first on the meat-and-potatoes regulated operations or to go straight for the attractive but far more risky unregulated merchant power dessert.

September 18, 2003

After the Fall, Futures Lifeless on Friday

With its intraday bar chart looking like the EKG of a cardiac arrest patient who didn’t make it, the natural gas futures market followed Thursday’s heart-stopping price drop with flat-line trading activity Friday. On its first day as prompt month at Nymex, the August contract closed 4.8 cents lower at $5.362. At 47,013, estimated volume was extremely light.

June 30, 2003